RESN - RESN STOCK NEWS

Resonant Inc. (NASDAQ: RESN) is set to release its financial results for Q3 2020 after market close on November 10, 2020. Management will host a conference call at 1:30 p.m. PST to discuss these results. The company specializes in transforming RF front-end designs, addressing market constraints by enhancing design efficiency and reducing costs. Its proprietary Infinite Synthesized Network (ISN) technology enables rapid development of complex RF solutions, positioning Resonant as a leader in the 5G applications market.

Resonant (NASDAQ: RESN) reported its preliminary unaudited results for Q3 2020, highlighting significant growth in key metrics. The company achieved its second milestone with a major RF filter manufacturer for 5G Mobile XBAR filters ahead of schedule. RF filter design shipments to China rose to five, compared to two in Q2. Unit shipments exceeded 4.1 million, a 163% increase year-over-year. Revenue surged to $1.4 million from $79,000 a year ago, while deferred revenues also rose by 14%. The company ended Q3 with $20 million in cash, indicating improved cash management.

Resonant (NASDAQ: RESN) has engaged MZ Group for strategic investor relations and financial communications to boost visibility in the investment community. MZ will implement a capital markets strategy to capitalize on the company's growth potential in the 5G sector, leveraging its proprietary XBAR® RF Filter design and ISN® software tools. The campaign also highlights a recent $7 million strategic investment and a $9 million commercial agreement with the largest RF filter manufacturer worldwide, marking a significant advancement in Resonant's technology and market positioning.

Resonant Inc. (NASDAQ: RESN) appointed KPMG, LLP as its new independent auditor, following approval from its Audit Committee. KPMG replaces Crowe LLP, with no disagreements reported on accounting matters. Chairman and CEO George B. Holmes emphasized the company's commitment to transparency in financial reporting and expressed gratitude towards Crowe for their service. This leadership change reflects Resonant's ongoing efforts to enhance corporate governance and strengthen investor confidence.

Resonant Inc. (NASDAQ: RESN) announced its participation in the LD 500 virtual investor conference from September 1-4, 2020. Management, led by CEO George B. Holmes and COO Dylan Kelly, will present on September 3 at 1:40 p.m. Eastern Time. Discussions will focus on the company's innovative XBAR technology, which is transforming the RF filter landscape and supporting the transition to 5G. The presentation will be available via webcast, with options for one-on-one meetings for interested parties.

Resonant Inc. (NASDAQ: RESN) announced its patented 5G XBAR® filters for non-mobile applications have been successfully produced by two foundry partners using a standard surface acoustic wave (SAW) process. This marks a significant breakthrough, validating Resonant's capability to manufacture complex 5G filters more efficiently and cost-effectively. The n79 band filters exhibit minimum insertion loss of <1 dB and a bandwidth of 600 MHz. The company aims to commercialize this technology for high-volume production, addressing the growing $15 billion filter market.

Resonant Inc. (NASDAQ: RESN) announced the appointment of Glen Riley to its Advisory Board, bringing over 32 years of experience in the RF sector. Previously GM at Qorvo, Riley will provide strategic guidance to enhance Resonant's growth, specifically in developing RF front-end technologies for 5G. CEO George B. Holmes highlighted Riley's industry insights as crucial for advancing their XBAR technology. With a strong advisory team, Resonant aims to capitalize on 5G demands and improve design efficiency, lower costs, and reduce time to market.

Resonant Inc. (NASDAQ: RESN) will participate in the Oppenheimer 23rd Annual Virtual Technology, Internet & Communications Conference on August 11, 2020. CEO George B. Holmes will lead a virtual fireside chat at 10:30 a.m. ET. The company aims to showcase its innovative RF front-end solutions, enhancing design efficiency and reducing market entry time. Through its Infinite Synthesized Network (ISN) technology, Resonant addresses industry constraints, preparing clients for 5G demands with cost-effective designs. Further information about the company is available on their website.

Resonant Inc. (NASDAQ: RESN) reported Q2 2020 revenues of $604,000, a net loss of $7.2 million, and a successful shipment of over 4.7 million units in the first half of 2020, marking a 200% year-over-year increase. The company achieved significant milestones in 5G technology, including the delivery of its first 5G XBAR® samples. With cash reserves of $23.9 million and no debt, Resonant is positioned for growth, expecting second-half revenues to surpass the first half. The CEO highlighted advancements in both mobile and non-mobile 5G applications.